July 12, 2018

Perks of the CPA City!

The career choice for many individuals is sculpted by their elementary interests in a particular field.

Likewise, thousands of students opt for a future in the Public Accountancy sector every year.

However, for those already availing the opportunities in the world of public accounting, there is a significant difference between “general” public accountants and those who choose to progress into Certified Public Accountants (CPA). Latest Updated on July 12, 2018

Perhaps, there must be some framework that exclusively distinguishes the two groups of public accountants and gives a higher precedence to CPAs than the rest of the public accountants.

Certainly, such a formulation exists - the Uniform CPA Examination.

In order to filter the influx of candidates opting to become a CPA, the AICPA has developed the Certified Public Accountancy Examination in order to select the candidates who meet the rigorous criteria that is imperative for a CPA to possess.

The CPA exam is an interdisciplinary, 16 hours MCQ based exam that challenges the concepts related to auditing and attestation, financial accounting and reporting, regulation, and business environment in four parts respectively.

While the CPA exam is offered in four testing windows throughout the year, the candidates need to pass through each part of the exam with a minimum score of 75 during a testing window of 18 months for them to become eligible CPAs.

Although the CPA Exam is quite a challenging and nerve-wracking experience for a number of students, it is tremendously worthwhilefor those who manage to transcend the pass rate for the exam.

Here are some of the prime benefits you can reap if you decide to become a Certified Public Accountant.

Pocket greater salary

Undeniably, CPAs make much more money than their counterparts as evident from the fact that most firms offer their employees a massive bonus as soon as they receive their CPA license.

Moreover, it is reported that CPAs earn approximately 5% to 15 % greater than the general public accountants: as a professional CPA, you can earn$1000000 more in the course of your career on average as compared to non-certified PAs.

Skyrocket to the top

The addition of CPA license to your resume is surely going to give your career a potential boost and open up multiple doors for you to step into.

Because of the knowledge and expertise CPAs possess, they have the ability to climb the corporate ladder. All top firm reward CPAs for their hard work and dedication by allowing them to advance through the hierarchy to secure senior managerial positions.

Procure prestige and respect

As a CPA, you are regarded as a professional who has achieved the pinnacle of the accountancy field. Since the CPA examination is one of the toughest exams with an average pass rate of 49%, attaining a CPA certification immensely effects how you are deemed by your employees and colleagues.

Without a doubt, attaining the CPA credentials offers much more than just adding three letters by the end of your name.

Although becoming a CPA may not be an easy task, it can be a great opportunity to advance your career to the next step.

It not only ensures a stable career and job satisfaction but also offers greater job opportunities, monetary inundation, and an overwhelming respect.